SEOUL– SK Chemicals Co. on Monday reported its first-quarter net income of 45.7 billion won (US$35.9 million), down 9.4 percent from a year earlier.The company said in a regulatory filing that it posted 48.7 billion won in operating profit for the qua…
SEOUL– South Korean stocks fell to about a 17-month low Monday on concerns over a global economic slowdown amid the U.S. central bank’s monetary tightening and the prolonged lockdowns of major Chinese cities. The local currency weakened the most again…
SEOUL– Hyundai Home Shopping Network Corp. on Monday reported its first-quarter net income of 43.6 billion won (US$34.3 million), down 9.9 percent from a year earlier.The company said in a regulatory filing that operating income for the January-March …
SEOUL– CJ Logistics Corp., South Korea’s leading logistics firm, said Monday its first-quarter net profit jumped 69 percent from a year earlier on recovering logistics deals despite the extended COVID-19 pandemic.Net profit jumped to 31.53 billion won…
SEOUL– Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it has an “imminent” plan to build a new electric vehicle plant in the United States.Hyundai Motor has a plant in Atlanta, and its affiliate Kia Corp. has a factory in Georgia.The S…
SEOUL– Ahn Duk-geun, a professor at Seoul National University (SNU), was tapped as South Korea’s new trade minister Monday and is expected to use his knowledge in trade policy for the new government’s mission to diversify the country’s trade portfolio…
The country’s number of international air passengers jumped nearly 50 percent on-month in April as the government lifted the quarantine requirement for international arrivals.According to data by the Ministry of Land, Infrastructure and Transport on Su…
The new government of President-elect Yoon Suk Yeol is expected to announce details of its extra budget plan later this week.According to Yoon’s transition committee, the Ministry of Economy and Finance will announce the details of the extra budget lat…